Market dull

Market ended in flat yesterday where both indices closed with marginal losses. ASI lost 1.60 index points (-0.03%) to close at 6,027.19 and more sensitive MPI closed at 5,248.97, down 0.81 index points (-0.02%).

Market turnover stood at Rs 517 mn Distilleries Plc (Rs 69.5mn) made the top contribution to the market turnover followed by John Keells Holdings (Rs 31 mn) and Asian Hotels and Properties (Rs 30.9 mn). Single crossing was made in Distilleries Plc, where 458,040 shares changed hands at a price of Rs 150.00 per share. Further, Dunamis Capital, Orient Garments and HVA Foods were among the heavily traded counters of the day. Foreign participation was relatively high and it accounted for 23.6% of the total market activity.

At the end of the day foreign investors were net sellers with a net foreign outflow of Rs 63 mn. First Guardian Equities